The last post of 2014 would be to learn from one of the investment classics, “The most important thing” by Howard Marks. The book has a clear disclaimer in its introduction and I love, it reproducing for you below You won’t find a how-to book here. There’s no sure fire…

One quote is copy pasted on my desktop as a sticky note and I read it every time I look at new investment opportunity What to look for in a great business? A high return on capital (not contributed by a very low margin operation where margins could fall) which…

Porter’s Five Forces Model is very qualitative in nature. It does incorporate some quantitative factors but for the most part, it is a very subjective approach. This post attempts to set quantitative assessment of Porter’s five forces. A general check point before you begin Porter five force quantitative analysis, one…